Use a Graphing Utility to Find the Equation of the Line

question 207

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $\begin{array}{l|ccccc}\mathrm{x} & 2 & 4 & 6 & 8 & 10 \\\hline \mathrm{y} & 15 & 37 & 60 & 75 & 94\end{array}$

• A) \(y = 9 x - 3\)
• B) \(y = 9.8 x - 2.6\)
• C) \(y = 9.2 x - 2.1\)
• D) \(y = 10 x - 3\)

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Definitions:

Money Demand

The desire to hold cash or liquid assets based on transactional, precautionary, and speculative needs.

Price Level

The comprehensive mean price across all goods and services in the current economy.

Classical Dichotomy

A concept in economics that separates real variables, which are quantities or measures not adjusted for inflation, from nominal variables, which are adjusted for inflation.

Real GDP

A measure of the value of all goods and services produced within a country over a specific time period, adjusted for inflation.